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Exhibit 99(b) 
  
 yesterday
 today
 tomorrow






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past forward
 The world is changing before our eyes.
  challenges to feed a
growing population
   today
 
  
 Company Profile
    
    Our StrategyPotashCorp is an integrated producer of fertilizer,
industrial and animal feed products. We are the worlds
largest fertilizer enterprise, producing the
three primary plant nutrients: potash, nitrogen and
phosphate. Among these, potash  the primary focus of our
business  delivers the highest-quality earnings.
With large low-cost potash operations, plans to
significantly expand capacity, and strategic global
investments, we have an unmatched ability to meet the needs
of North America and growing offshore markets.
    
    Committed to seeking earnings growth and minimizing
volatility, we employ a Potash Firststrategy, focusing our
capital  internally and through investments  to build on
our world-class potash assets and meet the rising global
demand for this vital nutrient. By investing in potash
capacity while producing to meet market demand, we create the
opportunity for significant growth while limiting downside risk.
We complement our potash operations with focused
nitrogen and phosphate businesses that emphasize the
production of high-margin products with stable and
sustainable earnings potential.




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(PICTURE)




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essential nutrients

YESTERDAY, TODAY AND TOMORROW
Each time a crop is harvested, it takes some of the
soils nutrients with it. Fertilizers replace those
nutrients so the soil can continue to produce
healthy crops.
For more than a century, the application of mineral fertilizer
has been instrumental in improving agricultural
production throughout the world. Today, fertilizers
account for more than one-third of all crop yields.
With growing populations, improving diets and
declining per capita arable land, sustainable
increases in agricultural production
will require maximizing crop yields. This can only
be achieved with the proper use of fertilizers.
    
    (PICTURE)
 NUTRIENTS
 Potash
    
    K
    
    Nitrogen
    
    N
    
    Phosphate
    
    PSource
    
    Source
    
    SourceMined from deposits left behind by 
evaporated prehistoric seas
    
    Synthesized from air using steam
and natural gas
    
    Mined from deposits containing
ancient sea fossilsUses and Benefits
    
    Uses and Benefits
    
    Uses and BenefitsFertilizer:
    
    Fertilizer:
    
    Fertilizer:Improves root strength and helps
plants fight stress, disease and injury

    

    Basic building block for proteins

and enzymes in all living cells
    
    Critical to photosynthesis and other
key energy reactions in plantsEnhances taste, color
and texture of crops and
increases yields
    
    Speeds the growth of plant roots,
stalks and vines
    
    Speeds crop maturity and
reproduction and increases yieldsFeed:
    
    Feed:
    
    Feed:Aids animal growth and milk
production
    
    Essential to RNA, DNA and cell

maturation
    
    Necessary for skeletal
development and repair of
animal musclesIndustrial:
    
    Industrial:
    
    Industrial:Used in computer and TV screens,
soaps, de-icers, water softeners
    
    Used in plastics, resins, adhesives
    
    Used in soft drinks, food products,
metal treatment




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L E T T E R  T O  S H A R E H O L D E R S
    
    3
 WILLIAM J. DOYLE, PRESIDENT AND CEO
   we see people enjoying beef, pork, poultry
and fish
   
    
    earnings of more than $1.1 billion, a fourth consecutive annual record;
    
    record gross margin in each of our three nutrients; and
    
    a 201 percent increase in our share price.
    MORE PEOPLE THROUGHOUT ASIA ARE EARNINGENOUGH MONEY TO BUY BETTER FOOD  A POSITIVE
GLOBAL
DEVELOPMENT THAT HAS TRANSLATEDINTO SUCCESS FOR YOUR
COMPANY.




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4
    

    L E T T E R  T  O  S H A R E H O L D E R S
  A PLATFORM FOR GROWTH
 BRIDGING TODAY TO TOMORROW
     we announced plans to invest $4.5
billion
      IN AN ENVIRONMENT OF GROWING DEMAND AND TIGHT
SUPPLY, FARMERS NEED US TO PRODUCE MORE POTASH. WITH OUREXPERIENCE AND ASSETS, WE CAN DO THAT QUICKLY, AT LESS COST
THAN BUILDING A NEW MINE.




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5
 
 THE POTENTIAL OF POTASHCORP
 we are far from reaching
our full potential.
 DELIVERING ON STAKEHOLDER EXPECTATIONS
     
 William J. Doyle
     
 KEEPING PACE WITH GROWING DEMAND




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6
    

    F I N A N C I A L  H I G H L I G H T S
 ($ millions, except per-share data and percentages)2007

    
    2006
    
    
    2005
    
    
    2004
    
    
    2003
    
    
    5-Year
    
    10- YearCAGR1
    
    CAGRFinancial PositionCurrent assets
    
    
    1,811.3
    
    
    
    1,310.2
    
    
    
    1,110.8
    
    
    
    1,243.6
    
    
    
    733.9Property, plant & equipment
    
    
    3,887.4
    
    
    
    3,525.8
    
    
    
    3,262.8
    
    
    
    3,098.9
    
    
    
    3,108.1Other long-term assets
    
    
    4,017.9
    
    
    
    1,381.0
    
    
    
    984.3
    
    
    
    784.3
    
    
    
    725.3Total assets
    
    
    9,716.6
    
    
    
    6,217.0
    
    
    
    5,357.9
    
    
    
    5,126.8
    
    
    
    4,567.3Current liabilities
    
    
    1,001.9
    
    
    
    1,103.5
    
    
    
    1,096.1
    
    
    
    703.7
    
    
    
    557.8Long-term debt
    
    
    1,339.4
    
    
    
    1,357.1
    
    
    
    1,257.6
    
    
    
    1,258.6
    
    
    
    1,268.6Other long-term liabilities
    
    
    1,356.6
    
    
    
    976.1
    
    
    
    871.7
    
    
    
    778.9
    
    
    
    767.1Shareholders equity
    
    
    6,018.7
    
    
    
    2,780.3
    
    
    
    2,132.5
    
    
    
    2,385.6
    
    
    
    1,973.8Total liabilities & shareholders equity
    
    
    9,716.6
    
    
    
    6,217.0
    
    
    
    5,357.9
    
    
    
    5,126.8
    
    
    
    4,567.3Financial ResultsSales
    
    
    5,234.2
    
    
    
    3,766.7
    
    
    
    3,847.2
    
    
    
    3,244.4
    
    
    
    2,799.0
    
    
    
    19
    %
    
    
    7
    %Gross margin  Potash
    
    
    912.3
    
    
    
    561.1
    
    
    
    707.4
    
    
    
    422.8
    
    
    
    203.7
    
    
    
    33
    %
    
    
    13
    %Gross margin  Nitrogen
    
    
    536.1
    
    
    
    315.6
    
    
    
    318.7
    
    
    
    242.8
    
    
    
    193.2
    
    
    
    62
    %
    
    
    15
    %Gross margin  Phosphate
    
    
    432.8
    
    
    
    125.3
    
    
    
    98.9
    
    
    
    15.8
    
    
    
    (16.5
    )
    
    
    60
    %
    
    
    8
    %Total gross margin
    
    
    1,881.2
    
    
    
    1,002.0
    
    
    
    1,125.0
    
    
    
    681.4
    
    
    
    380.4
    
    
    
    44
    %
    
    
    12
    %Net income (loss)
    
    
    1,103.6
    
    
    
    631.8
    
    
    
    542.9
    
    
    
    298.6
    
    
    
    (126.3
    )
    
    
    83
    %
    
    
    14
    %Net income (loss) per share  diluted 2
    
    
    3.40
    
    
    
    1.98
    
    
    
    1.63
    
    
    
    0.90
    
    
    
    (0.40
    )
    
    
    82
    %
    
    
    14
    %Cash provided by operating activities
    
    
    1,688.9
    
    
    
    696.8
    
    
    
    865.1
    
    
    
    658.3
    
    
    
    385.5
    
    
    
    40
    %
    
    
    14
    %Additions to property, plant & equipment
    
    
    607.2
    
    
    
    508.6
    
    
    
    382.7
    
    
    
    220.5
    
    
    
    150.71 Compound annual growth rate2 Adjusted for a two-for-one stock split in August 2004 and a three-for-one stock split in May 2007
 
 201%
    
    
    142%
    
    
    83%Share Price Increase
    
    
    Increase in Cash Provided
    
    
    5-Year Net Incomeyear-over-year
    
    
    by Operating Activities
    
    
    CAGRyear-over-year




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Learn more in our online report:(IMAGE)
    
    

7
 RECORD GROSS MARGIN
    

$1.9
BILLION
  Record performance in all three nutrient segments produced overall gross margin 88 percent above
2006 and 67 percent more than our previous high in 2005.
 POTASH
 In potash, exceptionally tight market conditions prevailed for most of the year. Higher prices,
improved per-tonne production costs and record sales volumes led to a 63 percent rise in gross margin over 2006,
when offshore volumes were impacted by lengthy price negotiations with China and India. With rising
food demand, farmers in developing nations worked to improve crop yields that have been stunted by
the historical under-application of potash. Growing demand for this key nutrient, coupled with
supply constraints, shrank inventories to historically low levels and drove up prices globally, although
the benefit of offshore price increases was partially offset by higher ocean freight rates and
locked-in contract pricing to China and India.
 NITROGEN AND PHOSPHATE
 Nitrogen gross margin was up 70 percent year over year, with the majority of total margin coming
from our Trinidad operations. Strong fundamentals led to realized price increases in most nitrogen
products.
 In phosphate, strong demand for solid and liquid fertilizers and rising costs for inputs like rock
and sulfur drove up global prices in all major product categories. Largely self-sufficient in rock
supply and benefiting from lower-cost North American sulfur, PotashCorp more than offset higher
input costs, resulting in improved gross margin.




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8
    

    O P E R A T I O N S   H I G H L I G H T S
  
 preparing for 
tomorrow, today
 Anticipating the needs of tomorrows world, we took major steps in 2007 to prepare for increased
potash demand in the years to come.
 In keeping with our Potash First strategy, we completed and announced projects to strengthen our
potash position and add long-term value to our company. These projects will build on our current
operational capacity of 10.8 million tonnes, at a substantial saving of cost and time over
equivalent greenfield capacity.
 
 TODAYS EXPANSIONS ARE THE PRODUCT OFYEARS OF PLANNING, WITH TOMORROWS NEEDS
ALWAYS IN MIND.
 JIM DIETZ,EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER




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(IMAGE) Learn more in our online report:(IMAGE)
    
    

9
 PROJECTS UNDERWAY IN 2007
 2007
    
    ALLAN
    
    +0.4 MMTA debottlenecking and compaction
expansion project was completed at
Allan in 2007.2008
    
    LANIGAN
    
    +1.5 MMTLanigans
$0.4 billion debottlenecking and compaction expansion project primarily entails
refurbishing a mill that has been idle since the mid-1980s. New mill structures and equipment, along
with upgraded ore hoisting and other underground equipment,
will help raise operational capacity by 1.5 million tonnes,
including 750,000 tonnes of additional compaction capability. Construction is scheduled to be completed in the second quarter of 2008.2009
    

PATIENCE LAKE
    
    +0.4 MMTThe Patience Lake facility, a solution mine, will add 360,000 tonnes via
20 new injection wells and the pumping and piping systems required to serve them.
The project will cost $0.1 billion, with production to come on
stream by 2009.




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10
    
    O  P E R A T I O N S   H I G H L I G H T S
 PROJECTS UNDERWAY IN 2007
  2010
    
    CORY
    
    +1.2 MMTThe
$0.9 billion project at Cory will add 1.2 million tonnes of
operational capacity in 2010, including 750,000 tonnes of compaction capability.
The expansion will enable Cory to produce red potash products in addition to the white product lines it currently offers. Storage, load-out and rail yard capabilities
will be expanded to accommodate the new product mix and higher volumes.2011
    
    NEW BRUNSWICK
    
    +1.2 MMTAt New Brunswick, $1.7 billion is being invested in a new 2-million-tonne mine and a 1.2-million-tonne enhancement to the existing mill.
This expansion is strategically and logistically important, as it allows PotashCorp to capitalize on
New Brunswicks proximity to port and the growing Latin American market. This expansion is expected to be completed in 2011.
 2012
    
    ROCANVILLE
    
    +2.0 MMTA 2-million-tonne, $1.8 billion mine and mill expansion at Rocanville will enhance this
low-cost, technologically advanced facility.The
expansion will leverage existing facilities and infrastructure to
reduce construction costs by an estimated 25 percent and completion time by up to two years
over equivalent greenfield capacity. An additional shaft will be sunk, providing two shafts with ore hoisting capabilities.
Mining machines, underground services and power infrastructure will be added.A new mill will be built adjacent to the existing mill. Storage, load-out and on-site rail
capability will be modified to handle increased tonnes with minimal investment. Construction is
scheduled to be complete at the end of 2012.
 2013-15
    
    POTENTIAL
    
    +1.5 MMTOther debottlenecking and expansion projects  with the potential to add up to 1.5 million
tonnes of capacity at our existing Saskatchewan facilities  are currently under evaluation.




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Learn more in our online report:T
A R G E T S
  A N D     R E S U L T S
    

(IMAGE)
    
    

11
   TARGET
Exceed total shareholder return
performance for our
sector1 and companies on
the DJUSBM2 for 2007.RESULTS
Achieved total shareholder return of
202 percent, exceeding the 141
percent generated by our sector and
the 30 percent return of the DJUSBM.
 COMMENTS
 2007 Total Shareholder Return
  
  TARGET
Carry a higher multiple than the
average of other fertilizer
companies on both earnings and cash
flow.RESULTS
Throughout 2007, our multiples were
higher than the average of other
fertilizer companies on both
earnings and cash flow.
 COMMENTS
  
  TARGET
Reduce recordable injury rate by 15 percent and lost-time injury rate
by 40 percent.RESULTS
Recordable injury rate increased by
9 percent. Lost-time injury rate
was reduced by 48 percent.
 COMMENTS
  
  TARGET
Fill at least 75 percent of senior
staff openings with internal
candidates.RESULTS
85 percent of senior staff openings
were filled with internal
candidates.
 COMMENTS
   1 2




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(PICTURE)
 1
    THE WORLD NEEDS MORE FERTILIZERA combination of conditions is challenging farmers to maximize yields and meet the growing agricultural needs of a changing world:  There are more mouths to feed. Population has more than
doubled since 1950 and is expected to grow from
6.7 billion to 9.2 billion by 2050. 
Incomes and meat consumption are rising.
As incomes rise in Asia and other developing
regions, millions of people are switching
from starch- to protein-based diets, driving
the grain-intensive production of livestock.  Biofuels are adding demand for crops.
New demand for ethanol and other biofuels puts
pressure on crops used for both food and fuel.  Per capita arable land is decreasing.
Urbanization and population growth are
diminishing available farmland per person.  Grain inventories are at record lows.
Production of wheat and coarse grains is expected
to fall short of consumption for the eighth time
in nine years. Global inventories do not contain
enough grain to feed the world for two months.
    
    
    
      Global crop prices are rising.Low inventories and increasing demand
are leading to higher crop prices, motivating
farmers to maximize production.  Yields are low in many regions. Historical
under-application of fertilizer has led to
chronic low-yield performance in countries like
China, India and Brazil where farmers produce
only a fraction of the yields of their US
counterparts.
    (BAR CHART)Source: Fertecon, IPNI, PotashCorp




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6
    K E Y S  T O  U N D E R S T A  N D I N G  O U R  B U S I N E S S
  Source:
Fertecon, PotashCorp
    
    *Since
2000
 2
    
    AMONG FERTILIZER NUTRIENTS, THE POTASH
BUSINESS HAS ADVANTAGESThe potash industry enjoys advantages in both
structure and market conditions that make it the
best business in the fertilizer universe:
    Good deposits are rare.Economically viable potash
deposits are uncommon and geographically concentrated. Approximately 50
percent of the worlds potash resources are located in Canada, primarily in
Saskatchewan.
    Barriers to entry are high.Greenfield
development is costly (about
$2.5 billion for a 2-million-tonne mine in
Saskatchewan, excluding
infrastructure) and has a long lead time (five to
seven years before
production begins).
    There are few global producers.Only 12
countries produce potash, while approximately 160 consume it.
    Government ownership is low.Less government
ownership means decisions are primarily market-driven, rather than
politically motivated.
    Demand growth is great.Historical under-application of
fertilizers is most pronounced in potash. Farmers are working to remedy this deficiency, but
they still have a long way to go.
    Supply is constrained.Even with all producer expansions considered,
tight supply is anticipated for at least the next five
years. PotashCorp, with
nearly one-quarter of the worlds current capacity and
numerous expansion
projects underway, is positioned to capture a
significant share of future
market growth.
    Earnings quality is high.Among our nutrient
segments, potash is the most stable and provides
the highest gross margin per dollar of sales.






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3
    
    POTASH IS THE CORE OF OUR BUSINESSAnticipating todays conditions  and tomorrows realities  PotashCorp has
spent almost 20 years building the highest quality assets in the potash industry. We are the worlds
largest producer, with five large low-cost mining and milling facilities in Saskatchewan and
one in New Brunswick, plus a mining and processingagreement at a sixth Saskatchewan
location. (MAP)In addition, we have strategic investments in four offshore potash businesses:(MAP)
    
    28 percent of Arab Potash Company
Ltd. (APC), a producer in Jordan(MAP)
    
    10 percent of Israel Chemicals Ltd. (ICL), 
a producer in Israel(MAP)
    
    32 percent of Sociedad Quimica y Minera de Chile S.A. (SQM), a
specialty producer in Chile(MAP)
    
    20 percent of Sinofert Holdings Limited (Sinofert), the largest
distributor of potash and other fertilizers in China
    (MAP)






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4


    

OUR
STRATEGIES EMPHASIZE EARNINGS GROWTH AND QUALITY
  To deliver superior value to stakeholders  both now and in the long term  we have developed
strategies that build on our competitive strengths to encourage earnings growth with minimal
volatility.Growth through potash.With significant increases in volumes, higher prices and lower per-tonne
fixed costs on the horizon, potash holds the greatest growth potential among our segments and is our
first consideration in business decisions. We prioritize choices that enhance our world-leading
potash position, which include building on our own capacity, investing in other companies and
repurchasing stock.Minimize
volatility in all three nutrients. Our world-class nitrogen and phosphate businesses
complement our Potash First strategy. In each nutrient, we focus our strategies on unique
competitive advantages that maximize margins and minimize volatility.
    
    Potash For almost two decades, we have matched supply to market demand to minimize inventory
overhang.
    
    Nitrogen Our lower-cost Trinidad natural gas contracts, indexed to
US ammonia prices, provide stability and a cost advantage over most US producers.
    
    Phosphate Our high-purity rock gives us the unique ability to vary our product mix  including
production of less cyclical, high-margin industrial and feed products.




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5


    
    WE ARE UNIQUELY PREPARED
TO MEET GROWING POTASH DEMAND
  With unparalleled resources and plans for significant growth, we are well positioned to meet the
needs of a diverse and growing potash market. In an industry marked by tight supply and high
barriers to entry, PotashCorp is responding to rising demand by:
    Maximizing existing capacity.By leveraging our expertise and
utilizing our existing infrastructure, we are bringing on capacity in
less time and at significantly less cost than equivalent greenfield
development.
Broadening our global enterprise.By investing in international potash
producers, we are benefiting from growth in all key world markets. APC
in Jordan, for example, has logistical advantages in serving Indias
rapidly growing market.
 
    
    Investing in the distribution chain.Through Canpotex, we are investing in
transportation infrastructure  including railcars and port facilities
  that enables us to get our product to growing offshore markets.
Through our interest in Sinofert, we have a stake in the primary
distributor to the worlds largest fertilizer market.
    
    Adding compaction capability.The ability to compact standard potash
into granular product adds value and flexibility to our product mix.
Demand for premium-priced granular product is increasing as farming
technology advances in offshore countries.
        (IMAGE)
 6
    
    WE LIVE BY OUR CORE VALUESIn pursuing our company vision, we operate by the highest possible business standards and take into
account factors beyond financial performance when evaluating our success.By committing to and living by our core values, we:
 
    
Create long-term value for our shareholders
    
Build support and understanding among stakeholders
    
Foster a culture of accountability for employees
    
Improve satisfaction of our customers and partners
    
Focus on our pursuit of no harm to people, no accidents and no damage to the environment
    
Improve quality of life in our communities




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18
    
    P O T A S H C O R P   M A J O R   M A R K E T S
  
 key markets
 The markets for our products continue to evolve, with emerging offshore economies creating
significant opportunities for growth and North American markets providing greater stability.
Understanding the conditions, trends and potential of our key markets is critical to anticipating
and meeting the needs of our customers and building long-term value
for our shareholders.
  CHINA
 Major Crops
  Potash (2007E)Production
    
    3.1 mmt
    
    Exports
    
    0 mmtImports
    
    9.4 mmt
    
    Demand
    

12.5 mmt
  China Today...and Tomorrow




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Learn more in our online report:(KEYWORD MARKETS)

19
  SOUTHEAST ASIA
 Major
Potash Consuming Countries
  Major Crops
  Potash
 Production
    
    0 mmt
    
    Exports
    
    0 mmtImports
    
    4.1 mmt
    
    Demand
    

4.1 mmt
  Southeast Asia Today...and Tomorrow
   INDIA
 Major Crops
  Potash
 Production
    
    0 mmt
    
    Exports
    
    0 mmtImports
    
    4.5 mmt
    
    Demand
    
    4.5 mmt
  India Today...and Tomorrow




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20
    


P
O T A S H C O R P   M A J O R   M A R K E T S
   
 BRAZIL
 Major Crops
  Potash
 Production
    
    0.7 mmt
    
    Exports
    
    0 mmtImports
    
    6.7 mmt
    
    Demand
    
    7.4 mmt
  Brazil Today...and Tomorrow
    
 FUTURE MARKETSRUSSIA: After years of depressed conditions
following the collapse of the Soviet Union and
subsequent attempts at reform, Russias economy is
slowly gaining momentum. Rising crop prices are
expected to stimulate growth in its agricultural
sector.AFRICA: In Africa, where political instability
has limited the growth of a sustainable
agricultural industry, there is potential for an
enormous increase in crop production and
fertilizer consumption. As governments
recognize the benefits of investing in
agriculture, advancements are expected to
occur.






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21
 NORTH AMERICA
 Major Crops
  Potash

US
 Production
    
    1.5mmt
    
    Exports
    
    0.3 mmtImports
    
    8.2 mmt
    
    Demand
    
    9.4 mmt
 Potash 
Canada
 Production
    
    17.7 mmt
    
    Exports
    
    16.9 mmtImports
    
    0 mmt
    
    Demand
    
    0.8 mmt
 
    North America Today...TomorrowThe US and Canada are major suppliers of food and fiber for the world,
with the US accounting for 40 percent of the total global trade
in wheat, corn, soybeans and cotton. Both
countries are among the worlds most efficient agricultural producers 
productivity in the US, for example, has improved by more than 1
percent per year since 1950, due largely to ongoing refinements in yield technology and increased understanding
of the critical role of proper fertilization. Yields on North American
farms far exceed those of India, China and Brazil, especially in corn,
where US farms can produce as much as five times the output on the same
amount of land.The most significant and stable
market, North America provides lower growth but a reliable base for
fertilizer sales  a complement to rapidly growing offshore markets.
 Global
Corn Yields




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22
    
    L I V I N G     B Y     O U R     V A L U E S
  (IMAGE)
 from values to visionIn pursuit of our vision, we rely on core values that reflect
the history and ongoing development of our company  values
that define, inform and guide the way we do business. These
values remind us of our continuing responsibility as a global
leader and the importance of tomorrow in the decisions we make
today.For
more information on our core values, please visit our Online Annual
Report, keyword Core Values.OUR CORE VALUESWe Operate with IntegrityThroughout our company, our employees are held to the highest
standards of business conduct. We treat people fairly and
communicate promptly, completely and accurately with all
stakeholders.Our
Overriding Concern Is the Safety of People and the EnvironmentOur goal is simple: no harm to people, no accidents and no damage to
the environment. Our commitment to safety and environmental
stewardship is embedded in our culture and impacts all aspects of
our operations, from the evaluation of our CEOs performance to our
mine reclamation initiatives. Environmental initiatives like our mine reclamation
efforts at Aurora, North Carolina show our commitment
to both the environment and our communities.
PotashCorp restores more than 11⁄2 acres of
wetlands for every acre our operations disturb,
often to a condition better than its pre-mined
state.
    (Dock.LOGO)




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Learn more in our online report:(GRAPHIC)
    
    23
 We Listen to All PotashCorp StakeholdersBy listening, we use what we learn to improve the company. We
value our stakeholders opinions and are diligent in collecting
feedback on our performance. Through surveys and meetings with
customers, employees, neighbors, community leaders, policy makers
and investors, we listen and cultivate relationships that keep us
engaged with and responsive to the people upon whom our success
relies.We Seek Continuous ImprovementAs an industry and community leader, we proactively look for ways
to improve how we do business. By evaluating and refining our
practices at every level of our organization through initiatives
like our Best Practices meetings, we build value for our company,
increase our efficiency and foster an atmosphere of responsive
innovation.We Share What We LearnEducation is at the core of our business. Internally, we ensure
that all employees and contractors are informed, well-trained,
engaged and committed to our vision and values. Externally, we
teach safety to our communities and offer programs to explain
how our products benefit the world.We Are Accessible, Accountable and TransparentThrough disclosure vehicles like our annual triple-bottom-line
sustainability report and website, we ensure our accountability by
publicly setting goals and objectives for our economic, environmental and social performance. We are accessible to all
stakeholders, helping them understand the companys direction,
values and progress.
 (BAR CHART)Source: PotashCorp
    Our annual Sustainability Report is an opportunity for us to publicly
review our past and future economic, social and environmental
performance. Available in summary form in print and comprehensively
online, it provides valuable information on matters global and local, keeps us
transparent and accountable for our actions and illustrates our
commitment to stakeholder communications and engagement.
  (PICTURE)




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Learn more in our online report:24
    

B
O A R D   O F   D I R E C T O R S
              (GRAPHIC)
 POTASHCORP
BOARD OF DIRECTORS
  1 Frederick J. BlesiA,DGlenview, IL
Retired Chairman and CEO
of PhosChem2 William J. DoyleWinnetka, IL 
President and CEO of PotashCorp3 John W. EsteyB,CGlenview, IL 
President and CEO of S&C Electric Co.4 Wade Fetzer IIIA,BGlencoe, IL 
Director of Sinofert and Retired 
Partner with Goldman Sachs5 Dallas J. Howe (Chair)ACalgary, AB
Owner and CEO of DSTC Ltd.
 6 Alice D. Laberge C,D
 
 7 Jeffrey J. McCaig B,D
 
 8 Mary Mogford A,D
  
 9 Paul J. Schoenhals B,C
 10 E. Robert Stromberg, QC C
 
 11 Keith G. Martell D
 
 12 Elena Viyella de Paliza C
   
 Committees: A B C D




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Learn more in our online report:SENIOR MANAGEMENT
    

(KEYWORD LOGO)

25


CORPORATE OFFICERS AND KEY MANAGEMENT
  1 William J. DoylePresident and 
Chief Executive Officer2 Wayne R. BrownleeExecutive Vice President 
and Chief Financial Officer3 James F. DietzExecutive Vice President 
and Chief Operating Officer4 G. David DelaneyPresident
PCS Sales5 Garth W. MoorePresident
PCS Potash6 Thomas J. Regan, Jr.President
PCS Phosphate and PCS Nitrogen
 7 Barbara Jane Irwin
 
 8 Joseph A. Podwika
 
 9 Robert A. Jaspar
 
 10 Stephen F. Dowdle
 
 11 Denis A. Sirois
 12 Daphne J. Arnason
 
 13 Karen G. Chasez
 
 14 John R. Hunt
 
 15 Denita C. Stann




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26
    
    S H A R E H O L D E R   I N F O R M A T I O N


Annual MeetingThe Annual Shareholders Meeting will be held at10:30 a.m. Central Standard Time
May 8, 2008 inthe Grand Salon, TCU Place, 35
 22nd Street East,Saskatoon, Saskatchewan.It will be carried live on the companys website,www.potashcorp.com.Holders of common shares as of
March 13, 2008 areentitled to vote at the meeting and are encouragedto participate.DividendsDividend amounts paid to shareholders resident in Canadaare adjusted by the exchange rate applicable on thedividend record date. Dividends are normally paid inFebruary, May, August and November, with record datesnormally set approximately three weeks earlier. Future cashdividends will be paid out of, and are conditioned upon,the companys available
earnings. Shareholders who wishto have their dividends deposited directly to their bankaccounts should contact the transfer agent and registrar,CIBC Mellon Trust Company.Registered shareholders can have dividends reinvested innewly issued common shares of PotashCorp at prevailingmarket rates.
 Information for Shareholders Outside Canada
           Investor Inquiries
     Corporate Offices
 Canada:
   US:
    Common Share Prices
and Volumes
 Toronto Stock Exchange1
    
    New York Stock ExchangeHigh*
    
    Low*
    
    Volume
    
    High*
    
    Low*
    
    Volume2007First Quarter
    
    
    65.31
    
    
    
    51.92
    
    
    
    51,599,528
    
    
    
    56.35
    
    
    
    44.05
    
    
    
    221,025,369Second Quarter
    
    
    86.21
    
    
    
    61.02
    
    
    
    51,480,129
    
    
    
    80.85
    
    
    
    52.82
    
    
    
    220,781,704Third Quarter
    
    
    108.92
    
    
    
    76.96
    
    
    
    65,980,291
    
    
    
    109.40
    
    
    
    71.50
    
    
    
    189,289,076Fourth Quarter
    
    
    148.89
    
    
    
    94.30
    
    
    
    67,978,612
    
    
    
    151.90
    
    
    
    97.36
    
    
    
    239,545,310Year 2007
    
    
    148.89
    
    
    
    51.92
    
    
    
    237,038,560
    
    
    
    151.90
    
    
    
    44.05
    
    
    
    870,641,4592006First Quarter
    
    
    37.96
    
    
    
    30.50
    
    
    
    63,024,657
    
    
    
    33.08
    
    
    
    26.05
    
    
    
    165,652,500Second Quarter
    
    
    39.00
    
    
    
    28.93
    
    
    
    56,060,451
    
    
    
    35.47
    
    
    
    26.28
    
    
    
    162,390,900Third Quarter
    
    
    39.49
    
    
    
    30.67
    
    
    
    42,424,140
    
    
    
    35.49
    
    
    
    27.34
    
    
    
    123,589,800Fourth Quarter
    
    
    56.96
    
    
    
    37.75
    
    
    
    58,463,577
    
    
    
    49.06
    
    
    
    33.83
    
    
    
    185,087,100Year 2006
    
    
    56.96
    
    
    
    28.93
    
    
    
    219,972,825
    
    
    
    49.06
    
    
    
    26.05
    
    
    
    636,720,3002005First Quarter
    
    
    37.97
    
    
    
    29.70
    
    
    
    54,892,338
    
    
    
    30.67
    
    
    
    24.30
    
    
    
    96,036,000Second Quarter
    
    
    44.04
    
    
    
    32.80
    
    
    
    40,296,027
    
    
    
    35.56
    
    
    
    26.42
    
    
    
    89,500,200Third Quarter
    
    
    46.00
    
    
    
    36.08
    
    
    
    43,354,176
    
    
    
    38.38
    
    
    
    30.95
    
    
    
    73,579,800Fourth Quarter
    
    
    36.30
    
    
    
    28.25
    
    
    
    66,542,436
    
    
    
    31.11
    
    
    
    24.26
    
    
    
    138,311,700Year 2005
    
    
    46.00
    
    
    
    28.25
    
    
    
    205,084,977
    
    
    
    38.38
    
    
    
    24.26
    
    
    
    397,427,700
 1Trading prices are in Cdn $




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Learn more in our online report:(GRAPHIC)
    
27
    Common Share Transfer Agent
 In Canada:
 In the United States:
   Ownership
  Shares Listed
 
 Financial Reports and News Releases
  NYSE Corporate Governance
     Yearly
POT Stock Price Since Inception*  NYSE Composite
   
    2007
Monthly POT Stock Price*  NYSE Composite
   POT
Share Ownership   Geographic Distribution




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Forward-Looking Statements
  Market and Industry Data Statement
   *
    
    Where PotashCorp is listed as a source in conjunction with external sources, we have
supplemented the external data with internal analysis.
   Sources,
Abbreviations, Terms and MeasuresAbbreviated Company Names and Sources*AgraFNP
    
    
    
    AgraFNP Informa Ltd., BrazilAgrium
    
    
    
    Agrium Inc. (TSX and NYSE: AGU), CanadaAPC
    
    
    
    Arab Potash Company Ltd. (Amman: ARPT), JordanBritish Sulphur
    
    British Sulphur Consultants, UKCanpotex
    
    
    
    Canpotex Limited, CanadaDoane
    
    
    
    Doane Agricultural Services, USAFAO
    
    
    
    Food and Agriculture Organization of the
United NationsFertecon
    
    
    
    Fertecon Limited and Fertecon Research Centre
Limited, UKICL
    
    
    
    Israel Chemicals Ltd. (Tel Aviv: ICL), IsraelIPNI
    
    
    
    International Plant Nutrition Institute, USAK+S
    
    
    
    K+S Group (Xetra: SDF), GermanyMosaic
    
    
    
    The Mosaic Company (NYSE: MOS), USANYSE
    
    
    
    New York Stock Exchange, USAProExporter
    
    The ProExporter Network, USASinofert
    
    
    
    Sinofert Holdings Limited (HKSE, 0297.HK), ChinaSQM
    
    
    
    Sociedad Quimica y Minera de Chile S.A.
(Santiago Bolsa de Comercio Exchange,
NYSE: SQM), ChileThomson Financial
    
    Thomson Financial Inc., USATSX
    
    
    
    Toronto Stock Exchange, CanadaUSDA
    
    
    
    US Department of Agriculture, USAYara
    
    
    
    Yara International (Oslo: YAR), NorwayFertilizer MeasuresK2O tonne
    
    Measures the potassium content of fertilizers
having different chemical analysesP2O5 tonne
    
    Measures the phosphorus content of fertilizers
having different chemical analysesN tonne
    
    
    
    Measures the nitrogen content of fertilizers
having different chemical analysesProduct tonne
    
    Standard measure of the weights of all types of
potash, phosphate and nitrogen productsGlossary of Terms2007E
    
    
    
    2007 Estimated2008F
    
    
    
    2008 ForecastCanpotex
    
    
    
    An export company owned by all Saskatchewan
producers of potash (PotashCorp, Mosaic and
Agrium)Consumption vs Demand
    
    Product applied vs product purchasedGreenfield
    
    
    
    New operation built on undeveloped siteMMT
    
    
    
    Million tonnesNorth America
    
    The North American market includes Canada and
the United StatesOffshore
    
    
    
    Offshore markets include all markets except
Canada and the United StatesOperational Capacity
    
    Equipment in a state of readiness
to produce. While operational capacity is increased at mechanical
completion of a project, a period of ramp-up may be required to
achieve full operating levels.PotashCorp
    
    
    
    Potash Corporation of Saskatchewan Inc. (PCS)
and its direct or indirect subsidiaries, individually
or in any combination, as applicableScientific TermsNitrogen
    
    NH3
    
    ammonia (anhydrous), 82.2% NHNO3
    
    nitric acid, 22% N (liquid)UAN
    
    nitrogen solutions, 28-32% N (liquid)Phosphate
    
    P2O5
    
    phosphoric acid (liquid)MGA
    
    merchant grade acid, 54% P2O5 (liquid)DAP
    
    diammonium phosphate, 46% P2O5 (solid)MAP
    
    monoammonium phosphate, 52% P2O5
(solid)SPA
    
    superphosphoric acid, 70% P2O5 (liquid)MCP
    
    monocalcium phosphate, 48.1% P2O5
(solid)DCP
    
    dicalcium phosphate, 42.4% P2O5 (solid)DFP
    
    defluorinated phosphate, 41.2% P2O5
(solid)Potash
    
    KCl
    
    potassium chloride, 60-63.2% (solid)




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A LOOK AT TOMORROW






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